News that BP is divesting its North Sea oil + gas assets should be a wake up call to the UK government. With Labour having increased Sunak's botched oil and gas windfall tax and net zero ban on new fields, Burnham had better start back peddling pdq.
https://t.co/vZy6vHec4x?
Sainsbury's offloading the remnant of Argos for £120m marks the end of an era having paid around £1.4bn back in 2016 for the then Home Retail Group.
https://t.co/SQbZqEndHP
UK Chancellor Healey's inaugural Budget date announced as Wed 28 October. After circa £40bn and £26bn Budget tax-rises by Rachel Reeves, without reigning in public spending - expect around £20bn+ of fresh tax rises.
https://t.co/9mjCqgz3bW
No surprise today from Bank of England's MPC keeping rates steady at 3.75%. The real surprise was the 6-3 rather than 7-2 split with Catherine Mann joining hawks Megan Greene and Huw Pill. MPC's voting dynamics set to remain tight over the coming months.
https://t.co/oTTURt4Z56
Adam Smith Institute estimates the number of UK millionaires has fallen to the lowest level since 2008 financial crisis. With the property market weaker and taxes continuing to rise, the fall is not a surprise, but its speed is.
https://t.co/bpsf1eMCHf
Fraser Coutts & Partners has notched up a 6th award this year from the BUILD Real Estate and Property Awards (formally published in September).
*Best Real Estate Private Client Advisor & Broker 2026 (Southern England)
Real Estate – Economic & Business Advisory – Private Assets
Burnham's 20% cut in UK business rates for pubs, clubs and music venues comes hot on the heels of reviving the £2 bus fares cap and scrapping 5% VAT on domestic power bills. What's not to like? But his 'war chest' may soon disappear as the economy falters. https://t.co/lWfBVm5EhS
CityAM analysis of the new Burnham government's pledges has identified a £22bn 'black hole' based on decisions to date and un-costed pledges inherited from the Starmer government. New Chancellor Healey will struggle to avoid jacking up taxes in the Autumn
https://t.co/v3A03GxjCB
Burnham and Healey's first policy move in scrapping VAT on household heating and power bills from 1st October is long overdue. The 5% VAT rate was a hangover from the UK's EU membership - it's removal is only possible because of Brexit....yes Brexit.
Fraser Coutts & Partners two new awards from SME News' 9th Annual UK Enterprise Awards 2026 were formally published on Thu 16 July.
>Leading Real Asset Advisory & Brokerage Boutique 2026
>Client Service Excellence Award 2026
https://t.co/eBkq0L4bT4
Been a long time coming but no surprise that Chancellor Rachel Reeves sacked by Andy Burnham. Her replacement ex-Defence Secretary John Healey is a surprise choice, but no doubt will quickly get to grips with the brief and find the money for defence.
https://t.co/u0jgMdj17o
One of Burnham or his Chancellor's first in-tray issues is to put in place a better successor to the old non-dom regime. Otherwise, it's less (not more) tax revenue raised as UHNWs continue to leave the UK and take their money elsewhere.https://t.co/vlrHN3EHFj?
News that Sizewell B will be upgraded to run until 2055 instead of 2035 is hardly a triumph. Former PM Blair failed to back nuclear power for almost 10 years and this defunding means 4 old plants close by 2030 before Hinkley C & Sizewell C come online. https://t.co/53YxTU2AzP
The idea that multiple taxes can be scrapped into a single 'levy' reminds me of the Universal Basic Income. Nice idea on paper for policy wonks to discuss but in practical terms doesn't cut the mustard with politicians whose job is on the line.
https://t.co/rM8AhiFpTs
Fraser Coutts & Partners have won again in the 9th Annual Greater London Enterprise Awards 2026.
>Best UK Business Advisory & Brokerage Boutique
>Private Asset Broking Excellence Award
Fraser Coutts – Real Estate Broking – Economic & Business Advisory – Private Asset Broking
UK construction sector recession continues with the Construction PMI slumping to 38.4 in June, close to a 6-year low when the UK was grappling with covid. No sign of any upturn around the corner with government policies adding to the sector's woes.
https://t.co/KGCCmGpoDv
UK considering going Dutch to sort out is Neet problem - it's a good start but actually growing a economy held back by high inflation, record taxation, rising regulatory burden and political uncertainty shouldn't be forgotten
https://t.co/eTTC2sAJHl
Britain should look to Canada's Damascene conversion to mixed sources of energy with less punishing short-term net zero targets. That means restarting stalled North Sea oil and gas projects by lifting the ban.
https://t.co/liJCKUW7tw
"Burnham ‘could unlock £7bn investment boom’ in North Sea" - is a no brainer but if he makes Ed Miliband Chancellor then all bets are off. UK's Rosebank and Jackdaw oil and gas projects would be a good starting point to get unlocked.https://t.co/liJCKUWFj4